Echo Resource Development Inc

“The principal/executive director and board treasurer prepare echos 990 within the first 3 months of the new year following the close of the previous fiscal year. The 990 is posted on a section of echos website that is accessible to board members only for review. Board members are notified once the 990 has been posted and are encouraged to review. Board members may review and ask questions of the principal/executive director and board treasurer through the 15th day of january when the 990 is scheduled to be submitted to the irs. The submitted 990 is made available in the same board only area.”

“Article 6.00 purpose. The purpose of this board conflict of interest policy is to protect echos interests when it is contemplating entering into a transaction or arrangement that might benefit the private interests of an officer or director of echo or might result in a possible excess benefit transaction. This policy is intended to supplement, but not replace, any applicable state and federal laws governing conflicts of interest applicable to nonprofit and charitable organizations. This policy is also intended to identify independent directors.”

“Echos bylaws are available for review to the general public through the organizations knowledge base. The knowledge base is accessible through the organizations website and allows the public to view the bylaws and other documents as approved by the board. Additionally, the persons may request via email, phone or through the knowledge base messaging system additional documents.”

“Difference between book and tax depreciation. Book depreciation was based on three months from acquisition to year end. Tax depreciation was calculated based on the half year convention. This will cause a book to tax difference in the first and last years of the assets life”